2019 Social Security Wage Base increases from $128,400.00 in 2018 to $132,900.00 in 2019

The Social Security Administration (SSA) has set the 2019 Social Security taxable wage threshold to $132,900.00. The increase in the SSA Wage from 2018 is $4500.00 which equates to a potential annual tax increase of [...]

By |November 21st, 2018|Categories: Uncategorized|0 Comments

IRS Alerts of Phishing Scheme Involving W-2s

IRS Alerts Payroll and HR Dept. Professionals to Phishing Scheme Involving W-2s Copied from the official IRS News Release 3/1/16 IR-2016-34, March 1, 2016 WASHINGTON – The Internal Revenue Service today issued an alert to [...]

By |March 14th, 2016|Categories: News|Tags: |0 Comments

Tennessee UI Wage Base Decreases for 2016!

Good news for Tennessee employers! The Tennessee Department of Labor and Workforce Development announced on Jan. 25 that effective Jan 1, 2016, the state's unemployment-taxable wage base was reduced from is $9,000 to $8,000,  This [...]

By |January 26th, 2016|Categories: News|Comments Off on Tennessee UI Wage Base Decreases for 2016!

Employees and the Earned Income Credit Notification

Now that W-2 season is upon us, it is important that you notify certain employees about their eligibility to the Earned Income Credit. As per the IRS: Employers "must notify employees who have no federal income [...]

By |January 25th, 2016|Categories: News|Comments Off on Employees and the Earned Income Credit Notification

IRS Extends ACA Reporting Deadline for 2015.

After consulting with key stakeholders, Treasury and IRS officials have determined that additional time is needed for employers, insurers and other providers of minimum essential coverage to adapt and prepare their systems and procedures to [...]

By |December 29th, 2015|Categories: News|Comments Off on IRS Extends ACA Reporting Deadline for 2015.

IRS Issues Deferred Compensation Amounts for 2016

The Internal Revenue Service announced that most pension plan amounts, including the deferral limit for Section 401(k)-type plans and other retirement-related programs, will remain unchanged for 2016. The IRS noted that because the increase in the [...]

By |December 23rd, 2015|Categories: News|Comments Off on IRS Issues Deferred Compensation Amounts for 2016